Latest Currency News Continued - page 2
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GBP EUR Exchange Rate Tight as Brexit Talks Begin
19 Jun 2017 at 3 PM - Written by Toni Johnson
STORY LINK GBP EUR Exchange Rate Tight as Brexit Talks Begin
The Pound’s latest appreciation against the Euro comes on the first day of full Brexit talks.
Pound Rises on Strong Start to Brexit Talks
The main cause of a Pound to Euro rise today has been the news that Brexit negotiations have finally begun.
The official meeting between David Davis from the UK and Michel Barnier from the EU has come nearly a year after the initial Brexit vote, but is still being welcomed by...
CATEGORIES: Euro Pound Forecasts Pound Euro Forecasts
GBP USD Exchange Rate Strengthens as Brexit Talks Set to Begin
19 Jun 2017 at 12 PM - Written by John Cameron
STORY LINK GBP USD Exchange Rate Strengthens as Brexit Talks Set to Begin
The Pound US Dollar (GBP USD) exchange rate rallied at the start of the European session this morning as investors appeared unusually optimistic at the start of formal Brexit negotiations.
Investor Optimistic as Brexit Talks Get Underway
At the time of writing Sterling is up by around 0.15% against the US Dollar today as markets seem upbeat about the start of Brexit talks.
Some analysts suggest that recent warnings by UK...
CATEGORIES: Pound Dollar Forecasts
GBP ZAR Exchange Rate Slips as Markets Reassess BoE Rate Hike Odds
16 Jun 2017 at 1 PM - Written by Ben Hughes
STORY LINK GBP ZAR Exchange Rate Slips as Markets Reassess BoE Rate Hike Odds
As the Bank of England (BoE) proved unexpectedly divided at its June policy meeting the Pound South African Rand exchange rate was prompted to trend sharply higher.
Markets had anticipated just one dissenting vote at the meeting, leading investors to pile back into Sterling when the minutes revealed that three policymakers were in favour of an immediate interest rate hike.
Even so, as analysts at Scotiabank...
CATEGORIES: South African Rand Forecasts
GBP to CHF Exchange Rate Holds Near Highs on Central Bank News
16 Jun 2017 at 12 PM - Written by James Fuller
STORY LINK GBP to CHF Exchange Rate Holds Near Highs on Central Bank News
This week’s central bank news has proven to be the biggest influence on the British Pound to Swiss Franc exchange rate. Investors bought the Pound after a surprising Bank of England (BoE) meeting but the Swiss National Bank (SNB) meeting was predictably cautious.
As a result the Pound has recovered from its worst levels. GBP/CHF briefly hit its worst level since January, 1.2242, on Monday, before climbing away from these lows...
CATEGORIES: Pound Swiss Franc Forecasts
EUR to USD Exchange Rate Tumbles as Federal Reserve Eases Market Fears
15 Jun 2017 at 3 PM - Written by David Woodsmith
STORY LINK EUR to USD Exchange Rate Tumbles as Federal Reserve Eases Market Fears
After a brief surge to a fresh 2017-high on Wednesday, the Euro to US Dollar exchange rate tumbled and continued to fall on Thursday due to a lack of strong Eurozone data and market confidence in the US economy.
Wednesday saw EUR/USD jump to a high of 1.1288, which was the pair’s best level since August 2016. On trending strongly for most of the week, EUR/USD fell to below the week’s opening levels on Thursday and hit a new...
CATEGORIES: American Dollar Forecasts Euro Forecasts
GBP CAD Exchange Rate Surges Higher after BoE Splite 5-3 on Interest Rates
15 Jun 2017 at 2 PM - Written by John Cameron
STORY LINK GBP CAD Exchange Rate Surges Higher after BoE Splite 5-3 on Interest Rates
Weaker-than-expected UK retail sales figures put fresh pressure on the Pound Canadian Dollar exchange rate on Thursday morning.
While forecasts had pointed towards a contraction in spending the figure still surprised to the downside, with sales falling -1.6% on the month in May.
Coupled with Tuesday’s unexpected uptick in inflationary pressure and the unimpressive nature of the latest wage growth data this suggests that...
CATEGORIES: Pound Canadian Dollar Forecasts
GBP NZD Exchange Rate Slips as UK Real Incomes Shrink
14 Jun 2017 at 12 PM - Written by Toni Johnson
STORY LINK GBP NZD Exchange Rate Slips as UK Real Incomes Shrink
The latest UK news has concerned traders, leading to a drop to 1.7562 in the GBP NZD exchange rate.
The UK data, covering average earnings in April, has combined negatively with Tuesday’s UK inflation rate figures. Annual inflation rose to 2.9% in May, while recent wage growth figures have remained far beneath this level.
With bonuses, wage growth in April has slowed to 2.1%, while without a lower 1.7% has been...
CATEGORIES: Pound New Zealand Dollar Forecasts
GBP to INR Exchange Rate Slips as UK Wage Growth Disappoints
14 Jun 2017 at 11 AM - Written by David Woodsmith
STORY LINK GBP to INR Exchange Rate Slips as UK Wage Growth Disappoints
This week, concerning UK economic data has prevented the British Pound to Indian Rupee exchange rate from recovering much from its worst levels in over a month.
After shedding a rupee last week, GBP/INR trended near a low of 81.47 on Tuesday. The pair has since recovered from this low but remains near the week’s opening levels of 81.88.
The Pound’s performance saw a brief improvement on Tuesday as investors bought the...
CATEGORIES: Pound Rupee Forecasts
Muted UK Wage Growth Could Prompt GBP USD Exchange Rate Downtrend Ahead of BoE Meeting
13 Jun 2017 at 5 PM - Written by Frank Davies
STORY LINK Muted UK Wage Growth Could Prompt GBP USD Exchange Rate Downtrend Ahead of BoE Meeting
As the Conservatives looked set to secure a confidence and supply arrangement with the Democratic Unionist Party (DUP) in order to shore up a minority government the Pound US Dollar exchange rate recovered some ground.
With the sense of political uncertainty in the UK diminishing somewhat investors were encouraged to pile back into Sterling, lifting it from its multi-week lows.
Even so, the outlook for the UK economy remains...
CATEGORIES: Dollar Pound Forecasts
USD GBP Exchange Rate Falls as Potentially Explosive Congress Hearing Approaches
13 Jun 2017 at 3 PM - Written by Toni Johnson
STORY LINK USD GBP Exchange Rate Falls as Potentially Explosive Congress Hearing Approaches
The US Dollar has fallen against the Pound today, ahead of the second high-stakes congressional hearing in two weeks.
Following the non-event of former FBI Director James Comey last week, today’s testimony will be from Attorney General Jeff Sessions.
Sessions is facing questions from key Democrat and Republican figures, who will be asking about Sessions’ contact with Russian officials, among other issues.
In the early...
CATEGORIES: Dollar Pound Forecasts Pound Dollar Forecasts